S&P Global Ratings affirmed its “B-/B” long- and short-term counterparty credit ratings on Turon Bank, the rating agency said in a message. The outlook remains stable. The affirmation follows Turon Bank’s removal in June by the Uzbek government from a list of entities to be privatized. As such, S&P thinks that strategic uncertainty related to…
First Ukrainian International Bank (FUIB) has become the first bank in Ukraine to issue an e-license. As of today, FUIB has issued 5 out of 11 e-licenses in Ukraine and is the leader in providing this service in Ukraine. On July 3, the National Bank started issuing personal licenses to individuals in electronic form through…
The hryvnia exchange rate may drop to UAH 28.5 per US dollar by the end of 2017, Oleh Ustenko, Executive Director of The Bleyzer Foundation, stated at a press conference on July 25. “We admit that at best, the exchange rate should be maintained at UAH 28.5 per US dollar by the end of the…
Presidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev, during a phone conversation confirmed the existence of great potential for enhancing relations on a wide range of areas. In this regard, the sides noted the expediency of joint work on the issues of expanding the range of mutually supplied goods and services, creating conditions…
The Ukroboronprom State Concern expects that tests will be conducted and the Ukrainian Navy will accept a radiosonic system created at the enterprises of the concern and used during the Sea Breeze 2017 multinational military drills in Odessa on July 10-22 with 16 countries taking part. The press service of the concern reported that the…
In January-June the production volumes of crude sunflower oil in Ukraine totaled 2.87 million tons, up by 34.9% YoY, the State Statistics Service of Ukraine reported. In particular, in June Ukraine produced 451 thousand tons of sunflower oil, down by 8.1% MoM, but up by 45.2% YoY. Also, in January-June Ukrainian flour milling enterprises produced…
Finance Ministry has plans to raise excise tax on alcoholic beverages and cigarettes even more rapidly, according to proposals prepared by the ministry to the Excise Tax Law. These proposals have been submitted to the Saeima for approval in the final reading. FM explains that it is necessary because there are plans to apply greater…